Evening Star Newspaper, June 15, 1933, Page 13

St boars gy e g S R " Hudson Power, .only a fraction, Gulf Ofl of Pennsyl- FINANCIAL, N. Y. CURB MARKET CURB LIST WEAK IN CLOSING HOUR Losse's of Some Leaders Run From One to Six Points and More. Bpecinl Dispatch to The Star. NEW YORK, June 15.—Curb Ex- change stocks turned downward in the last hour today, after a lower opening had been followed by several ineffectual attempts to rally. The close was weak and at the lows of the day. Losses in some of the leaders ran from 1 to 6 points and more. Electric Bond & Share was a target of the sell- ing, with a net loss of over 4 points after being at one time fractionally above vesterday's close American Gas & Electric, Niagara- American Superpower and other active utilities all registered declines under moderate offerings. Two blocks of Cities Service, one for 5,000 and the other for 4,000 shares, came out near the end at 41z, down % point net. Olls held stubbornly for a time, but went down with the general list toward the close. Standard Oil of Indiana lost vania was down over a point. Gold shares and other mining securities were weak, (Copyright, 1933.) BONDS ON THE CURB Baies in DOMESTIC BONDS. thousands High. & L 65 20 Tah P “:s .rm ) 10 Appalach, Pow, By 13 80 Ae"xel Ot Bis 440 19% 10 Bell Tei Can 58 A '55 95 F13 26 Bell Tel Gan 55 B '57 5 60 243% 71 701, s 7430 30 Gent 11l P8 L1as 07 dota 25 Cent Pw & Lt 56 58Us 56 56 30 Gent Bt ec 55 51 51 501 1 96% 91 8 it 1592 0w 10 40 g2 2% 15 Bizs 142 ronks Mor Bs 42 643 B4la oa'a 16 103 u.i"“;f‘i‘WZ. 136 1033% 103% 103 y_65 A '48 xw > wx. Ja b4 2 8 T0% 8% 100 m:”. oe% 557, 55 0!!‘ 91 1% 101% i Bile 66" T2% & B 943 o 91 i zzEg, [ 1037 973 K013 76 m‘ RB1G 101% o2 01300 1y 02 20 St A e e 1 Narragansett 5 10 Nnnlflns!u P&L 9 263 B0Ys 60% 61 641 i Be D0 ROV B0 78 | | w e %0 1012 101 101 10075 100% 1003 | 1003% 100% 1003 85 Received by Private Wire Direct to The Star Office. Stock and Dividend Rate. A«oe !ma.“ u: clu‘. Aero Supply B Air Inv Ine vte. Afr Investors war. Ala Great Southern 25s 36 31 Allblm Pwpf (8). 1 Alabama Pw pf (7) 60s Allled Mill; Allied Prod cv A. Alum Co America. .2000s 89 Alum Co ofApf 1% 90s 72 Aluminum Ltd..... 2 Alumn Ltd cum pf. Alum Goods (40c). Am Book Co (4) Am Brit & Cont. . Am City P&L B 15e Am Comwlth Pw A. Am Comwlith Pw B Am Cynamid (B).. Am Gas & Bl (31).. 94 Am Gas& Elpf(6). 2 Am Investment. ... Am Invest Inc war. Am Laun Mch ¢0e. Am Lt & Trao (2).. Am Manufacturing Am Maracaibo..... Am Meter Co Ark Nat Gas cu pf. Ark P&L 36 pt (3). Armstrong Cork. Art Metal Works. . Aseo El Ind ps 1-6c. 10 Ass0 Gas & Elec. .. Asso Gas&Elec(A) Asso Gas & E war. Asso Gas & Elec pt. Asso Rayon. s Asso Tel Utilities. Atlantic Coast Fish Atlas Plywood Atlas Utilitie Atlas Utilities war. Axton Fish(A)3.20 Babeock & Wil(1). Bliss Co (EW).... Blue Ridge.... Blue Ridge pf (ad). Botany Cons Mills Bourjols (k25¢). Brill Corp A. Brit Celanese rcts. Buckeye Plpe L (3) Buft N&E pf (1.60) Buft N&E 1st pf(5) Bunker Hill & Sull. 25s Bunker Hill & S vtc150s Burmarcts (plc) 2 Butler Bros....... 3 Bwana M'Kub Corp 2 Cable Radio T vte.. Cable & Wire B rcts Canadian Marconi. Celluloid Corp.... Cent HudG&E (80c) Cent & Swn Ut pr i Cent States Elec... Cent Sta El cv pfa., Centrifugal P 40 Chicago Corp (The Childs pf. . Cities Service Cities Serv pf B... Cities Service(BB) City Auto Stpg Co. Claude Neon Ine. .. Clev El llum (1.20) Cleve Tractor. Colon Ofl. ... Col G & Ecv pt (5). Colum O11&G v.t.c.. Comwlth Edis (5).. Comwith & S8ou wr. Comstock Tunnel. . Consol Aircraft CAMCoctfs..... Consol A M em pf.. Consol Copper., . Con Gas Balto 3. Cons Theaters vtc. Cont G&E pr pf(7). Cooper Bessemer, . Cord Corp (10¢). Cosden & Coc.od.. Cosden & Co pf. .. Courtaulds(p8ize). Creole Petroleum. . Cresson Consol(4¢) Crocker Wheeler. .. Crown Cent Pete. .. Crown Cork Intl A. Cuneo Press (1.20) Cusi Mexicana Min Elst Util Assocv.. Wash Mch B. Ell er Elec Corp. El Bd&Share pf .. El Bad&Share pf 5.. El Pwr Asso (40c). EL Pwr Asso A 40c. ElP &L op war. Elec Shareholding: El Share pp ww.... Empire G&F$%.. Europ El Ltd ‘A 30¢ Europ Elec deb rts. Evans Wall Lead. . Fairchild Aviation. Falcon Lead. Felerated Capital. Ferro Enamel. .. Film Inspect Mach Fisk Rubber(new). Fisk Rub pf (new). Flintkote (A)... Ford Motor Can A. Ford Motor Can B. Ford Motor Ltd. ... Foremost Dairy. Foundation For Sh. General Alloys. ... General Aviation. . Gen EI Ltd 20 2-5c. Gen Pub Service pf General Rayon (A) Gen Theat Eq cv pf Gen Tire & Rubber.650s Georgia Pw pf (6). 35 Gilbert (A C) 2 Glen Alden Coal 25 Glob Undrw (k35e) 2 Godschaux Sug B. 2 Goldfield Consol..., & 2 9 ~aSoman A S & oBem® nen Gold Seul Electric. 12 Tel Pay Sta. . 1008 Grt A&P T n-v(t7) Great A&PT pf (7) Nor Paper (1). 1508 22 suardian Invest... 1 Gulf Oil of Penna.. 48 | Hall Lamp (k10c). Hamiiton Gas v.te. Happiness Candy. . Hazel Atlas GI 13% Hazeltine Corp.... Hecla Mining Helena l.nhln*(dn HiresCEA (2)... 50s Hollinger G1d t70c. 30 Horn & Hardart(2) 50s Hudson Bay Min. Humble Ol (2) Hydro Elec Secur. | Hygrade Food. ... MP&LDLG).... 11 P&L cm pf (6).. Imp Chm Ind p3.7 Imp O11 Can rg 50c. 1mp Ol Ltd cou bte LnpTab Can $52%e Imp To GB&I pide. Indus Finance vic. ind Pipe L (30c) ns Coof N Am(2 eyhound Corpn.. 10 1% !‘”n !B 534 THE EVENING Stock and Dividend Rate. LonglIsl Lt pf A (7) M‘ll Deere & Co. . Derby Ol & Refin. Detroit Aircraft, Doehler Die Cas: Dow Chemical (2). Driver Harris..... Dublifer Cond & R. East G&F As (600) East States Power. Eastern Ut Asso(1} McCord Radiat B.. Mare I M (p5 2-5¢). Marion Stm Shovel. Mass Util Avsoc'n. Mavis Bottling A. . Memphis Nat Ga. ritt Chap & S Mesab! Iron...... Mexico-Ohfo Mich Gas & Ofl Michigan Sugar Co. Mid Sta Pet vtc A.. Middle West Utll. ., Nat American.. Nat Aviation Nat Bella He: 76 Nat Dairy pf A (7) 1008 Nat Investors. 17 Nat Invest war 3 Nat Investors pf.. 50s Nat Leather. 2 2 hn Steel war..... Natl Steel Car Ltd. 1001 Nat Sugar NJ (2).. t Toll Bridge A Nat Transit (70c). Nat Union Radio. .; Newberry JJ(60c). New Bradford Oil.. New Zng Pwr pf (8) 40s NewEngland PS pf. 208 New Jersey Zinc2. 6 New Mex& A Lnd. 1 Newmont Mining,. 62 N Y Shipbldg(40c). 8 N Y Telpf (6%)... 258 Niagara Hud Pow.. 51 Niag Hud (A) war, 12 Ni Hud PwBwr. 1 Niag Hud Pw C wr. Niag Sh(Md)B 20c. Nipissing. . . Nitrate Chile B. ... North Am Lt&Pwr. Nor Am Lt & P pf.. North Am Util Sec. North Europ Oil... North Sta Pw A(4). Northwest Eng. Novadel Agne (5. Ohio Copper....... Outboard Motor B. Overseas Sec Pacific East Corp.. 23 PacG&E 1st pf 1% Pacific West Oil Parker Rust P 2%. 5758 Penroad Corp..... 25 Pepperell Mfg Co.. 70s Petrol Corp war... 58 Phila Co (1).. Phil Morris Inc. Phoenix Securitl Phoenix Secur pf Plerce Governor Pleneer Gold (45¢). 18‘1 Pitney Bowes P... Pitts Plate G (60c) 8251 Potrero Sugar..... 1 Premier Gold(12¢). 89 Producers Royalty Propper McCallum. Prudential Invest.. Pub Util Hd war. . Pub Util Hld xw... Pug Sd P&L $5 pf. .13 Puget Sd P&L $6 pf £0; PureOtl pf........1508 Rallway & Lt Sec.. 758 Ry & Util Inv (A).. & Raytheon Mfg. 1 1 2 1 Reliance Manage 1 Republic Ga 1 Reybarn, .. 6 Reynolds Investing 5 Richfleld Oil Calpf 9 Root Refining cvpf 2 Ryan Consolidated 2 Safety Car H&L (1) so- St Anthony Gold 3t Regis Paper 7 St Regis Paper pf..250s Salt Creek Consol,. 2 Balt Creek Prod (1) Savol Ofl. Schulte Real Scovill Mfg (1). Seaboard Utlilities. Secur Corp Gen.... Seeman Bros (2%) 1 Segal Lock & Hrd.., 12 Selberling Rubber. 2 Selected Industries 13 Sel Ind all cfs(5%) 50s Sel Ind prpf (5%). 1 Sentry Saf Control. Seton Leather. Shattuck Den Min.. Sneaffer Pen(WA). Shenandoah Corp. . Sherwin-William; Smith (A 0)... S0 Am Gold & Plat. South Penn Ol 80c. Sou Cal Ed pf B 1% Southern Corp'n... South Nat Ga: z Sou'land Roy Southwest Dairy pf Stahl & Meyer Inc. Stand Ofl Ind (1).. 12 Stand Ofl of Ky(1) 1 Stand Ofl of Ohlo. . Stand Pwr & Light. Stand P&L pf (7).. Stand Silver & Ld.. Starrett Corp. . Starrett Corp pf... Steel Co of Can 1.20325s Steln (A) & Co. ... 50s Stein A & Co pf 614 508 Stein Cosmetict 9 Stetson (J B) Stuts Motor Car. Sunray O1l. i) Switt & Co. 68 Swift Internat’l(2) 15 Swiss Amer El pf.. 508 ‘Taggart Corp. . Tastyeast Ine (A). Technicolor. Tech Hughes (§0c) Texon Oil & Laud. Trans Air T luln., TransLux DL P8 Triplex ST G Tri-Cont Corp wr. . Tubize Chat Corp. . Tubize Chatillon A. Tung-Sol Lamp. .. Tung-Sol Lamp pf. Union Gas of Can. . Union Tobacco Unfted Car Fast United Corp wi United Dry Dock. United Founders United Gas. . United Gas war. United Gas pf. U 258 7 United Lt & Pwr pf 17td Shoe Mch z% 2255 U S Dairy B. U 'S Elec Pwr ww.. U S Finishing | US Foll (B) (2 | 107 US & Int) Sec. U S Play Card (1).. | US Rubber Recl Unit Stores vte.... | Utd Verde Ext 40c. | Utah Apex. .. e Bale— Add 00. m:h la_lv Close. 17% A nw 12% 1% % # % 2% bl 5% 11% 7 1T ™ % 4 52 1% i given price for & STAR, WASHINGTON, [SUBSTITUTE URGED FOR U. S. HOGS TAX Minnesota Packer Proposes Raising Prices by Deferring Marketing Under Private System. By the Associated Priss. CHICAGO, Jurs 15.—A plan to raise the price of hogs without a processing !Lu, but with a corresponding increase in pork prices through deferring the marketing of hogs has been proposed by Jay C. Hormel, Minnesota packer. Under his scheme, which would take the place of the allotment plan with its processing tax, litters of pigs would be registered so that hogs of each farmer, through a control set up in licensed packing establishments, would be marketed on a basis of registration. Release of ho& for marketing under the plan would licensed by slaugh- tering establishments without setting up a special policing force to keep swine off the market. County agents would assist in enforcement and under- take a continuous census of hog pop: lation by counties, Used precedent numbers would be reported weekly to bu}er or shipper or county registering AI zhe same time, packers would set hog prices at a higher level than cur- rent supply of hogs and dem#nd for meat on the theor{ of ability to set a iven quantity at any time. At preaent live stock and meat marketings are based on selling full 3 available supply at whatever price con- cession required at the time of the sale. —_— Steel Shipments Gain. NEW YORK, June 15.—Shipments|g of structural steel in May by companies { representing 71 per cent of the industry totaled 52,427 tons, an increase of 25 per cent over the previous month, the American Institute of Steel Construc- tion, Inc., reports. Bookings during the month amounted to only 25,470 tons. : ¢ Y, 7 By the Assoclated Press. CHICAGO, June 15.—Conflicting opin- jons about market effects of proposed processing taxes and bonuses to farm- ers made wheat prices oscillate swiftly today, and finish lower. Rushes to sell overwhelmed the wheat pit at times, and at one stage smashed values 2 cents a bushel, the trade being uncertain as to details of p plans of the Washington administra- tion. THURSD ‘Wheat traders had to contend also| with results of a sharp downturn in British exchange. ‘Wheat closed nervnus. 1-1% under yesterday's finish, corn 12-% up, oats 1,-1, advanced, and provisions vary- ing from 7 cents decline to a rise of December FOREIGN EXCHA.N GE. (Quotations furnished by W.B. Hibbs & Co.) Nominal gold Seiling checks value. today. 1816¢ zloty nhnnn. crown. S crown. . . Socknowm. "erown’ Montreal, ‘discount,” I SILVER QUOTATIONS. NEW YORK, June 15 (#).—Bar sil- ver easy, % lower at 3514 COTTON REGISTERS IMPRESSIVE GAINS | Consumption Total for May Reaches 620,909 Bales of Lint and 76,084 of Linters. By the Assoclated Press. Cotton consumed during May was Te- ported yesterday by the Census Bureau to have totaled 620,909 bales of lint and 76,084 of linters, compared with 470,685 332,372 and 50,941 during May last yea: follows: In consuming establishments, 1,394, compared with 1,367,956 and 277.361 on 318,850 on May 31 last year. In public storage and at compresses, 17,320,977 bales of lint and 55,474 of linters, compared with 8,151, 547 and| 63,287 on April 30 this year and 7.614,- 500 and 50,122 on May 31 last year. Imports for May totaled 8,648 belee, compared with 7,337 during April this year and 22,664 during May last year. Exports for May totaled 591,647 bales of lint and 20,288 of linters, compared with 436,450 and 15,275 during April May last year. Cotton spindles active during May numbered 24,571,498, compared with 23,416,680 during April this year and 21,633,036 during May last year. PARIS BANK REPORT. PARIS, June 15 (#)—The weekly statement of the Bank or :Prlnce shows the following changes in francs: Gold increased 44,000,000; sight balances abroad increased 78,000,000; bills dis- | counted at home increased 115,000,000; bills bought abroad decreased 77,000,- 000; advances decreased 29,000,000; cir- culation decreased 835.000,000; current | accounts increased 983,000,000 Rate of discount, 2'¢ per cent. and 54,731 during April this year '“d., Cotton on hand May 31 was held lsl 607 bales of lint and 296,860 of linters, | April 30 this year and 1,463,126 and | this year and 500,871 and 11,603 during | FINANCIAL. New York Cotton Special Dispatch to The Star. NEW YORK, June 15.—Conflicting reports from Washington regarding a possible processing tax on all domes- tically consumed cotton had an un- settling effect on cotton and the list broke $2 a bale today. With weakness in outside markets and a sharp decline in stocks in the last hour, stop-loss Timits were reached and cotton poured into the market in the largest quanti- ties witnessed since the advance started. | Spots were udueed 40 poh;t: to 895, 24 2o00T i sion feietets WINCHELL SMITH LEAVES AN ESTATE OF $1,500,000 By the Associated Press. FARMINGTON, Conn., June 15.— Winchell Smith, the playwright and producer, remembered others of the stage not so fortunate as himself in his will, filed for probate yesterday, dis- |posing ' of an estate estimated at $1,500,000. The collaborator on “Lightnin’'” and dramatizer of “Brewster's Millions,” two of Broadway's greatest hits, set aside 35 per cent of the income of a |large trust fund for the aid of needy actors and dramatists. Smith died June 10. Oliver Harrison Smith-of New York, a nephew, and Charles A. Lillie, Hart- ford banker, a lllelonz friends of the d‘r:gutm, were the principal benefi- ciaries. el METAL MARKET. NEW YORK, June 15 (#)—Copper quiet; electrolytic, spot and future, 8. : spot and nearby, 43.50; future. Iron quiet, unchanged. Lead | steady: spot, New York, 4.20; East St. Louis, 4.05. Zinc steady; East St. Louis, spot and future, 4.30a4.35. Antimony, spot, 7.00. Quicksilver, 61.00a62.00. (8 et A 13 BANK OF ENGLAND GIVES CONDITION STATEMENT By the Assbeiated Press. LONDON, June 15.—~The 'eekly sut::e;nf‘nt of the Bank %mhnd shows ollowing changes reserve increased 3,951, oo?"mmm decreased 3,442,000; bullion increased 509,000; other securities increased 2- 491,000; public deposits increased 3. 686,000; other deposits increased 2,834« 000; notes reserve increased 3,914,000; [owrnment securities decreased 880,000, ‘The proportion of the bank's reserve to liability is 47.21 per cent compared with 46.31 last week. Late Night Alir-conditioned Train West INBIANAPOLIS + CINCINNATI + LEXINGTON LOUKSVILLE trains West. Traims in the on The F. F. V. It carries thru amr-conditioned cars to White WESTBOUND (Standard Time) Air-conditioned 601 P. M. Lv. WASHINGTON 8:27 P. M. Ar. Charlottesville 9:20 P. M. Ar. Waynesboro... 9:41 P. M. Ar. Staunton. ..Lv. 1215 A. M. Ar. WHITE SULPHUR 12:35 A. M. Ar. Hot Springs. 7:52 A. M. Ar. LEXINGTON 8:30 A. M. Ar. CINCINNATI . THE F.F. V. leaves 10:35 p.m. The general air-conditioning and re-scheduling of all thra trains on the Chesapeake and Ohio provide another highest eclass travel service to the West. The historic F. F. V. becomes a fit companion for The George Washington, providing a late might departure for the West with all the imnovations of lnxury and comfort which made that traim, in ome short year, the talk of the railroad world and traveling public. Many who have found it difficult 10 get away on The George Washington at 6:01 P.M. have wanted a comparable service at a later hour. The same cool, clean comfort you may now have World. K’s always Springtime on the C and ©. Schedules designed to preserve your productive hours THE GEORGE WASHINGTON EASTBOUND (Standard Time) ..Ar. 8:30 A.M. .Lv. 550 A.M. .Lv. WESTBOUND (Standard Time) 10:35 P. M. Lv. WASHINGTON . *6:00 A. M. Ar. WHITE SULPHUR. . 8:10 A. M. Ar. Hot Springs. . . 9:40 A. M. Ar. CHARLESTON.. ... . 10:52 A. M. Ar. HUNTINGTON .. . 2:30 P. M. Ar. Lexington. ... 2555 P. M. Ar. CINCINNATI. . 4:40 P.M. Ar. INDIANAPOLIS . THE F. F. V. Airconditioned (AT EASTBOUND :30 A. M. 2 P.M. Louisville, Cincinnati and Indianapolis. Immediste commeo- tion at the latter city for Chicago, arriving at 8:50 P.M. —im plenty of time for comfortable connection with all the good The Sportsman, leaving at 11:55 A.M., gives zir-conditioned daylight service to Virginia and West Virgimia poimts thra some of the grandest scenery in the world. Now all thru trains are newly equipped and sir-conditioned, and Chesapeake and Okhio proudly boasts The Finest Fleet of THE SPORTSMAN WESTBOUND Daty (Standard Time) Time) 2:40 P. M. Ar. Charlottesville. 2:50 P. M. 1:10 P. M. CLv. 915AM. Air-conditioned Daily Except 11:55 A. M. Lv. WASHINGTON. zxxEll EEzzzx EE |Uth Pwra Lt Jtility Pow & Lt pf 50s Ut P & L (B) cfs. Utility Equities. U1l & Industrl Ul & Indust pf. Van Camp Pack. Van Camp Pack pf. Venezuelan Petq . Waco Afrcraft. aitt & Bond ( Walgreen Co (1)... Walker (Hiram) 2% | Int Hy EI S ¢ of 3% 3208 Intl Petrol (1.12).. 30 i Int Produets. ..... 2 | Int Utilities (B) interstate Equitien Interstate Eq cv pf Intersta Pw Del pf. Trving Alr Ch (40¢) Italian Superpw A. Ttal Superpw db rts ! Jonas & Naumburg Kerr Lak Kirby Pet . ‘2 | Wolster-Br Am sh. Lake Shore M 214 Lakey Fdy & Mch. | Lefcourt Realty pf ;’“ | Lehigh Coal&N 406 0+, | Leonard Oil. ... Libby McNelil & L Lone Star G béde. . Long Island Light. 10:25 A. M. Ar. LOUISVILLE. . . 10:35 A. M. Ar. INDIANAPOLIS . 2:50 P. M. Ar. CHICAGO 4:40 P. M. Ar. ST. LOUIS 5:05 P. M. Ar. Louisville * Airconditioned sleeper eccupied unsil 8100 4. M. NOTE: Washington-Charleston Air-conditioned Sleeper and Huntington Sleeper formerly handled on The George Washington now carried on The F. F. V. E{2ZEREREE2 Db > : ‘Lv. 130 P. Fig . Lv. 12:00 Noow NOTE: Charleston snd Hustington Siespers mow carried on The F.F. V., leaving Washingion 10:35 P. M. J. B. EDMUNDS, Assistant General Passenger Agent 714 14¢th Street, N. W. Plolea_ Natienal 0748 Wenden Copper. . .. Westvaco Ch pf(7) White S Mch db rts Wiillams (RC)... Wil-Low Cafeteria Woodley Petrol Wright Hargvs 20¢ Yukon Gold...euee